Idaho Stock Option and Award Plan of Amresco, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-323
• Format: Word; Rich Text

Description

18-323 18-323 . . . Stock Option and Award Plan under which Committee can grant (a) Incentive Stock Options and Non-qualified Stock Options to persons other that outside directors, (b) Non-qualified Stock Options to outside directors (15,000 shares on his or her date of election or appointment and 15,000 shares every three years upon his or her re-election), (c) Restricted Stock, and (d) Performance Shares which have value equal to fair market value of share of stock on date Performance Share is earned. Committee sets performance goals which, depending on extent to which they are met, will determine number of Performance Shares that will be earned by Participants. Committee uses one or more of following performance measures for purposes of grants of Performance Shares: total stockholder return, return on assets, return on equity, earnings per share, and ratio of operating overhead to operating revenues The Idaho Stock Option and Award Plan is a comprehensive compensation package offered by Fresco, Inc. to its employees. This plan aims to attract and retain talented individuals by providing them with various stock options and awards as part of their overall remuneration. By offering these incentives, Fresco, Inc. aims to align employee interests with company performance, fostering motivation, and encouraging long-term commitment. Under the Idaho Stock Option and Award Plan, Fresco, Inc. offers different types of stock options and awards to eligible employees. These options and awards come with specific terms and conditions, allowing employees to benefit from the growth and success of the company. 1. Stock Options: This plan offers employees the opportunity to purchase company stock at a predetermined price, known as the exercise price, within a specified period. The exercise price is typically set at the fair market value of the stock on the date of grant. Stock options usually vest over a certain period, incentivizing employees to stay with the company and contribute to its growth. 2. Restricted Stock Units (RSS): RSS are an alternative form of equity compensation in which employees receive units that represent the right to receive company stock at a future date. Unlike stock options, RSS do not require employees to purchase shares but instead entitle them to receive shares at a predetermined time. Vesting periods often apply to RSS, ensuring employees remain committed to the organization. 3. Performance-Based Stock Units (Plus): Plus are another type of equity compensation provided under the Idaho Stock Option and Award Plan. These units are granted to employees based on predetermined performance metrics. If the company achieves specific performance goals, employees are rewarded with company stock or cash equivalent to the value of the units. Similar to RSS, Plus often have vesting requirements, aligning employee performance with organizational success. The Idaho Stock Option and Award Plan of Fresco, Inc. create a win-win situation, as it motivates employees to work towards the company's growth while also providing them with the potential for financial reward. This initiative highlights the company's commitment to recognizing and rewarding employee contributions, creating a positive work environment that encourages talent retention and fosters long-term success.

The Idaho Stock Option and Award Plan is a comprehensive compensation package offered by Fresco, Inc. to its employees. This plan aims to attract and retain talented individuals by providing them with various stock options and awards as part of their overall remuneration. By offering these incentives, Fresco, Inc. aims to align employee interests with company performance, fostering motivation, and encouraging long-term commitment. Under the Idaho Stock Option and Award Plan, Fresco, Inc. offers different types of stock options and awards to eligible employees. These options and awards come with specific terms and conditions, allowing employees to benefit from the growth and success of the company. 1. Stock Options: This plan offers employees the opportunity to purchase company stock at a predetermined price, known as the exercise price, within a specified period. The exercise price is typically set at the fair market value of the stock on the date of grant. Stock options usually vest over a certain period, incentivizing employees to stay with the company and contribute to its growth. 2. Restricted Stock Units (RSS): RSS are an alternative form of equity compensation in which employees receive units that represent the right to receive company stock at a future date. Unlike stock options, RSS do not require employees to purchase shares but instead entitle them to receive shares at a predetermined time. Vesting periods often apply to RSS, ensuring employees remain committed to the organization. 3. Performance-Based Stock Units (Plus): Plus are another type of equity compensation provided under the Idaho Stock Option and Award Plan. These units are granted to employees based on predetermined performance metrics. If the company achieves specific performance goals, employees are rewarded with company stock or cash equivalent to the value of the units. Similar to RSS, Plus often have vesting requirements, aligning employee performance with organizational success. The Idaho Stock Option and Award Plan of Fresco, Inc. create a win-win situation, as it motivates employees to work towards the company's growth while also providing them with the potential for financial reward. This initiative highlights the company's commitment to recognizing and rewarding employee contributions, creating a positive work environment that encourages talent retention and fosters long-term success.